Sterling Infrastructure, Inc. $STRL Shares Sold by Castleark Management LLC

Castleark Management LLC reduced its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 87.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,610 shares of the construction company’s stock after selling 18,590 shares during the quarter. Castleark Management LLC’s holdings in Sterling Infrastructure were worth $2,191,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Engle Capital Management L.P. increased its position in shares of Sterling Infrastructure by 156.5% in the 1st quarter. Engle Capital Management L.P. now owns 26,500 shares of the construction company’s stock worth $10,793,000 after purchasing an additional 16,167 shares during the last quarter. Devon Energy Corp DE acquired a new position in Sterling Infrastructure in the second quarter worth about $548,390,288,000. Northwestern Mutual Investment Management Company LLC acquired a new position in Sterling Infrastructure in the fourth quarter worth about $2,105,000. Private Advisor Group LLC increased its holdings in Sterling Infrastructure by 28.2% in the first quarter. Private Advisor Group LLC now owns 7,099 shares of the construction company’s stock valued at $2,891,000 after buying an additional 1,561 shares during the last quarter. Finally, Ranger Investment Management L.P. bought a new stake in Sterling Infrastructure in the first quarter valued at about $21,844,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Monday. Zacks Research downgraded Sterling Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. DA Davidson initiated coverage on Sterling Infrastructure in a research note on Friday, August 21st. They set a “buy” rating and a $700.00 price objective on the stock. KeyCorp decreased their price objective on shares of Sterling Infrastructure from $922.00 to $754.00 and set an “overweight” rating for the company in a report on Wednesday, August 5th. Finally, Weiss Ratings cut shares of Sterling Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $690.33.

Insider Transactions at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 2,500 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $888.00, for a total transaction of $2,220,000.00. Following the completion of the transaction, the general counsel owned 28,137 shares of the company’s stock, valued at approximately $24,985,656. The trade was a 8.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

Sterling Infrastructure Stock Up 2.3%

NASDAQ:STRL opened at $497.41 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average of $653.47 and a 200-day moving average of $601.45. The firm has a market capitalization of $15.22 billion, a PE ratio of 35.86, a price-to-earnings-growth ratio of 1.69 and a beta of 1.88. Sterling Infrastructure, Inc. has a 52 week low of $266.13 and a 52 week high of $1,005.68.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Monday, August 3rd. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.01 by $0.79. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $969.22 million. Sterling Infrastructure had a return on equity of 40.12% and a net margin of 12.55%.The business’s quarterly revenue was up 90.4% compared to the same quarter last year. Sterling Infrastructure has set its FY 2026 guidance at 19.700-20.300 EPS. Analysts predict that Sterling Infrastructure, Inc. will post 19.14 EPS for the current year.

Sterling Infrastructure Company Profile

Sterling Infrastructure, Inc (NASDAQ: STRL) is a diversified manufacturer and distributor of essential infrastructure products serving municipal, utility and industrial customers across North America. Through its network of wholly owned subsidiaries, the company designs, engineers and produces a wide range of cast and fabricated solutions tailored to the needs of the waterworks, natural gas, telecommunications, electric, traffic safety and parks & recreation markets.

The company’s product portfolio encompasses ductile iron and composite fittings, valve boxes, manhole frames and covers, water and gas meter sets, street light poles and mounting accessories, traffic sign posts with breakaway systems, bollards and related system components.